Finance/Leasing

CSX Corp. Tuesday reported third-quarter net earnings of $455 million, down 2% from the $464 million in the third quarter of 2011. But earnings per share were up 2% year-over-year…
In October of each year, we put on our thinking caps and attempt to divine what is coming at us in the New Year—rail equipment and rail finance, that is.
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
Genesee & Wyoming Inc (GWR) announced Friday that it has priced its previously announced offering of 3,500,000 shares of Class A common Stock—including 233,966 shares held by its board chairman—at $64.75 per share,…
Dallas-based Trinity Industries, Inc. late Thursday announced it will purchase 665,000 square feet of heavy manufacturing capacity from DMI Industries, a subsidiary of Fargo, N.D.-based Otter Tail Corp., for $20…
The New York Metropolitan Transportation Authority announced on Tuesday — the first anniversary of Tropical Storm Irene's visit to MTA's properties — that it continues to work "diligently towards maximizing…
Class I railroads in the 12-month period ended June 30 earned consolidated net income of $11.9 billion on an increase of 0.58% in traffic (1.7 trillion revenue ton miles of freight)…
L.B. Foster Co. on Wednesday said its second-quarter 2012 earnings and sales declined relative to the comparable quarter in 2011, but noted a solid backlog for rail product orders and…
FreightCar America, Inc. on Monday reported second-quarter revenue of $181.2 million and net income of $5.6 million, or 46 cents per diluted share, compared with revenue of $97.6 million and…
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
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